Hosking Partners LLP grew its position in shares of EPAM Systems Inc (NYSE:EPAM) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,164 shares of the information technology services provider’s stock after purchasing an additional 12,485 shares during the quarter. Hosking Partners LLP owned approximately 0.54% of EPAM Systems worth $33,230,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of EPAM. Bank of Montreal Can increased its holdings in shares of EPAM Systems by 113.9% during the 4th quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 944 shares in the last quarter. Twin Tree Management LP acquired a new stake in EPAM Systems in the 1st quarter valued at $198,000. CIBC Asset Management Inc acquired a new stake in EPAM Systems in the 1st quarter valued at $201,000. Wesbanco Bank Inc. acquired a new stake in EPAM Systems in the 4th quarter valued at $204,000. Finally, Alps Advisors Inc. acquired a new stake in EPAM Systems in the 1st quarter valued at $207,000. 90.73% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. SunTrust Banks assumed coverage on shares of EPAM Systems in a research note on Thursday, April 19th. They issued a “buy” rating and a $130.00 price target on the stock. KeyCorp reissued an “overweight” rating and issued a $132.00 price target (up previously from $123.00) on shares of EPAM Systems in a research note on Tuesday, February 20th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $130.00 price target (up previously from $118.00) on shares of EPAM Systems in a research note on Friday, March 16th. Cantor Fitzgerald reissued a “buy” rating and issued a $139.00 price target on shares of EPAM Systems in a research note on Wednesday, May 9th. Finally, Pivotal Research set a $135.00 price target on shares of EPAM Systems and gave the company a “buy” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $125.25.
Shares of EPAM opened at $125.49 on Friday. EPAM Systems Inc has a 52-week low of $77.96 and a 52-week high of $131.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.39 and a current ratio of 5.39. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $424.15 million for the quarter, compared to analysts’ expectations of $414.15 million. EPAM Systems had a net margin of 7.33% and a return on equity of 17.45%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. analysts forecast that EPAM Systems Inc will post 3.27 earnings per share for the current fiscal year.
EPAM Systems Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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